Kathy Rogers is the vice president of Marston Rogers Group, a life planner and financial consultant. Reach her at (228) 206-5902 or Kathy@mrg.life.
Since I covered the basics of tax-free retirement accounts in this space, I have received several requests for additional information about TFRAs. I will answer a few of those questions here. The first thing to know about TFRAs is that they use indexed universal life insurance (IUL) as the funding chassis. With the update of […]
Life changes quickly, doesn’t it? One day, you’re young and strong with your whole life ahead of you, and the next thing you know, you’re taking advantage of the senior citizen discount. How did time move so fast? We all have regrets, things we wish we would go back and change, but life doesn’t have […]
My mother lived with me for the last five years of her life. We closed in our garage and created an accessible, comfortable living space for her. I worked, and her health needs necessitated 24-hour care. She carried no debt on her home; she had money set aside for retirement, and she owned a long-term […]
In this space, I previously have listed the reasons I believe everyone needs life insurance. This time, I want to remain on the life insurance theme and talk to those of you who already have life insurance, of any kind, about why you should review and update your policy and coverage. Many people who tell […]
I often find the misconception among unmarried people and those without children that they do not need life insurance. That could not be further from the truth. With the policies available these days, life insurance is about much more than simply providing a death benefit for those you leave behind. Here are some of the […]
When I give financial advice, I like to present information and ask questions that make people think outside the box. With this in mind, and because you probably aren’t familiar with tax-free retirement accounts (TFRAs), I’ll explain them here. A TFRA is a retirement savings plan that works similarly to a Roth IRA. You pay […]
One of the most debated financial questions of modern times is whether you should prioritize paying off your home mortgage over planning for your retirement. The answer to that question often is rooted in emotion more than sound financial wisdom. Emotion embraces the dream of a retirement with no debt, great health and doing whatever […]
As a life planner and business coach, I find one of the main things people lack is a basic understanding of financial principles. I wonder — how much easier could their lives have been if they’d been taught these basic facts as children? As adults, we know money doesn’t grow on trees. Instead of allowing […]
The beginning of a new year is a great time to make financial changes we have long delayed or avoided. Here are 21 ideas that may help you manage your hard-earned money better: Take the time to review every penny you make and spend. Make a paper list or an Excel spreadsheet. Examine every expenditure; […]
What comes to mind when you recall holidays gone by? Do you have sweet memories of time spent with friends and family, or unpleasant memories of family and gift-buying stress — along with debt to start the new year? I can’t eliminate the stress caused by 2020 or relatives, but I can provide a few […]
